PSY 101- Human Relations Critical Thinking Exercise Critical thinking is a very important aspect of all workplace and life situations; employers are looking for employees who can think critically and solve problems in a way that considers all variables and perspectives. Complete the following assignment, responding to the four questions based on the scenario and graph: Scenario: A researcher in New York City has been collecting data on several corporations’ profits. As a part of this research, all of the companies’ employees completed a self-esteem questionnaire that rated the employees’ self-esteem on a scale of 1-10. The data in Figure 1 reflect the average self-esteem scores of each company in connection with the company’s profits. Figure 1 Reported Company Profits (In billions of dollars) Average Self-esteem Scores 1.
Financial Analysis In comparing The Hershey Company with one of its closest competitor, Nestlé, we find that The Hershey Company is financially healthier and stronger. Table 1 shows some financial ratios of both companies. In analyzing both the current and quick ratios, Hershey’s ratios are higher; therefore the company has more capability to pay off its financial obligations. The debt-to-equity ratio is also higher for The Hershey Company; this is good news for its shareholders because the greater earnings are shared among the same amount of shareholders. However, the company must be careful because a too big of a ratio can eventually lead to bankruptcy (Investopedia).
With this as the case, there is an improvement in the desired business outcomes: lower turnover, increased sales and profitability, higher customer satisfaction and higher productivity. Statistics are available and the following chart shows the results from one of many sets of results. It indicates that, on average, the higher the score on the exam, the better the job performance and vice versa, the lower the score the weaker the job performance. Cost savings is another benefit to administering the tests. The cost of making a wrong decision is high and testing may be a particularly worthwhile venture to prevent these decisions.
(1-3 sentences. 2.0 points) In deciding how successful and profitable a company is, Net profit is more important .it is more important because it tells how profitable a company is after all cost have been paid. it is also known as
The largest 60 projects earn higher revenue, however, they produce more salaries expenses and overhead allocated. The smallest 60 projects, on the other hand, have less revenue with less salaries expenses and overhead allocated. Therefore these projects finally end up with same net income. They are equally profitable. Question 2: There is a direct relationship between project Size and project profitability.
Scholars such as Friedman suggest that treating the economic responsibility as the most important responsibility of a business, is called a profit-maximising view, and “the social responsibility of a business is to increase its profits.” This kind of view states that a company should be operated on a profit-orientated basis, with its sole mission being to increase profits. This approach would seem to benefit stockholders, as well as stakeholders, as the stockholder is going to benefit from the profit made by the company and will gain something back from the company, however problems can occur when the businesses and companies do not balance their ethical responsibility, as they can therefore be perceived as greed and unable to balance their corporate social responsibility, and will cause a bad name for a business. So although the stockholder may also be gaining profit by doing this (what the company sees as doing the right thing) is not necessarily the right thing to do in terms of stakeholders. However, Friedman would argue that as long as the business is maximising its profit, that is the main point and so the loss of the stakeholders is less important. This argument can be deemed as weak as Friedman’s approach does not mean that stakeholders can be benefited alongside stockholders, and so disagrees with
* Net profit percentage – This calculation takes the idea of profitability one stage further by actually considering the profit as a percentage of turnover after all the other expenses have been taken out. Looks something like this: Net profit x100 = net profit percentage Turnover * Return of capital employed – This calculation is worked out by considering the net profit as a percentage of the capital employed by that business. The reason this ratio is useful because it shows the amount of money an investor is receiving back on their capital as a percentage. This means they can
So it would be positively affected by increasing dividend payouts or making additional payouts of the same dividends. On the other hand, Champion noticed that their shareholders appeared to be more concerned with capital gain, and not bought the company’s stock for income. So by paying out dividends, the investors will be more confident about the financial
Total rewards would benefit the company by improving employee satisfaction, lower employee turnover and increased production quality. The biggest disadvantage would be the company may lose money offering employees benefits they do not want or will not use. Skills based compensation rewards an employee for their qualification and knowledge of their jobs. Pay raises are given as the employees increase their skills. The advantage of skills based is a better trained work staff that has the knowledge to work in
1. Examine the approach Trader Joe’s uses to promote a positive work environment for its employees. Determine at least three (3) ways in which Trader Joe’s is able to increase job satisfaction and performance. As assigned in this case study, I examine the approach Trader Joe’s uses to promote a positive work environment for its employees and determine the ways in which the Company is able to increase job satisfaction and performance. Trader Joe’s designs jobs for increased job satisfaction and higher performance.